United Sees First-Quarter Revenue Gauge Near High End of Outlook
This article is for subscribers only.
United Continental Holdings Inc. said a benchmark measure of pricing power rose near the upper end of a company forecast even as the No. 3 U.S. carrier ramped up the supply of seats and flights.
Passenger revenue for each seat flown a mile, a proxy for an airline’s ability to raise fares, rose about 2.7 percent in the quarter ended March 31, United said in a regulatory filing Monday. The Chicago-based carrier last month projected an increase of 1 percent to 3 percent.